An employee has expressed an interest in doing a post graduate degree in a subject directly related to the work they do for us. We would like to retain them particulary in the short term and are looking at the tax implications of the options available.
There is a tax and NI exemption of if we were to pay the cost of their fees while they studied full-time. So one option might be to ask them to defer a year, then we could pay some or all of the fees the following year.
Preferrable would be for them to study part time and work part time, is it possible for the university fees to be paid before tax and NI in this situation?
If we were not going to pay the full amount of the fees, would it be plausible to involve salary sacrifice so they could top up the contribution?